Mesabi Trust declares $0.09 per unit distribution, up from $0.05 year ago

MESABI TRUST

Distribution of $0.09 per unit payable Aug 20, 2021 to holders of record July 30, 2021.
Royalty payments from Cleveland-Cliffs in April 2021 were $6.34M vs $0.45M in April 2020.
Higher iron ore prices and shipment volumes drove the 80% increase.
Quarterly royalty report for Q2 due July 30, 2021; summary to be filed on Form 8-K.

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